CU Direct recently integrated with DealerSocket’s CRM in an effort to boost performance for both credit unions and dealerships. As a result of the collaboration, CU Direct has expanded its CUDL auto financing platform’s DMS/CRM integration solution to include DealerSocket. The company explained the system integration with the CUDL platform is designed to minimize the […] [Read More]

FIS and Reynolds and Reynolds now are working together through a multi-year agreement the companies recently finalized to help dealerships with accounting chores and more. According to a news release, FIS has been selected as the exclusive payments provider for Reynolds and Reynolds, a leading provider of dealership software, documents and professional services. The agreement […] [Read More]

One of last year’s Women in Auto Finance honorees received an executive promotion this week. Equifax named Lena Bourgeois as automotive general manager, responsible for driving customer value and accelerating company growth in the automotive market. The company highlighted Bourgeois brings a strong background in data and information technology systems to the position, critical as […] [Read More]

StoneEagle F&I sees Battery Ventures as more than just a funding source. The F&I provider for metrics reporting, menu sales tools and product administration solutions recently received a majority investment from the global technology-focused investment firm. StoneEagle F&I chief executive officer Cindy Allen put it this way in a news release, saying, “In searching for […] [Read More]

As contract extensions and other accommodations by finance companies continue to expire, auto defaults continue to rise. According to data through October released by S&P Dow Jones Indices and Experian, auto defaults now have climbed for four consecutive months after bottoming out a record low in June at 0.40%. Analysts pegged the October reading at […] [Read More]

Stating that cars and toys go together, HGreg.com is collaborating with the U.S. Marine Corps Reserve's annual Toys for Tots Program, allowing South Florida residents to drop off unwrapped toy gifts at any of the eight new and pre-owned car dealerships within the HGreg.com network. Residents can drop the toys off until Dec. 11, and […] [Read More]

Lithia & Driveway has expanded its footprint to the Mid-Atlantic, announcing Tuesday it has purchased Sterling Luxury Group. The purchase of Sterling Motorcars, based in Loudon County, also gives Lithia a presence in the state of Virginia for the first time. In addition to BMW and Mini of Sterling, the acquisition brings three new premium […] [Read More]

While so much of what is impacting our daily lives nowadays can change quite quickly, Black Book is seeing the wholesale value and volume world settle into traditional seasonal patterns — at least for now. Before elaborating about specific vehicle-value movements, here’s how analysts summed up the scene in their latest COVID-19 Market Insights distributed on […] [Read More]

You might say the executive set to become the chief financial officer at CarLotz possesses a stylish and flavorful professional background that includes multiple mergers and acquisitions. Tom Stoltz, who has held executive positions at companies such as Food Lion and Citi Trends, has been appointed as CFO of CarLotz in a move that’s effective […] [Read More]

For the fourth consecutive year, Lexus has won the best certified pre-owned program award from U.S. News & World Report. Lexus won that category in the Best Vehicle Brand awards and Best Certified Pre-Owned Program award from U.S. News & World Report, which said it awarded Lexus the honor based on its lengthy warranty coverage, […] [Read More]